Gold hits record highs as markets rally and Asia climbs
Gold prices rose to new peaks for the third straight day in European and Asian markets with London and Zurich closing near 65 dollars per ounce and Swiss trading reaching 85.25 dollars. In Asia the metal traded at 74.80 per tael, about 56.10 per ounce in Hong Kong, both records. The U.S. Treasury rejected false rumors about a U.S.-Soviet price rise and Volcker resigning.
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Zurich
Europe
Hong Kong
Washington
Treasury Department
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Paul A. Volcker
Medicare eligibility at 60 sparks coverage plan
The article reports the Senate Finance Committee backing allowing retirement at age 60 to buy Medicare at government costs, with estimated premiums of about 30 dollars monthly for hospitalization and 11 for medical coverage. It notes about 6 million early retirees could qualify and cites expected premium declines.
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Washington
Senate Finance Committee
Sinatra to be subpoenaed over crime in sports
Congress to subpoena Frank Sinatra after he reportedly declined an invitation to testify before the House Select Committee on Crime. Rep. Claude Pepper said Sinatra will be subpoenaed to testify July 16 about his former role as vice president of Berkshire Downs race track in Hancock Massachusetts as hearings on crime in professional sports proceed.
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Claude Pepper
Dala
Sinatra
House Select Committee On Crime
Epsom Downs
England
Berkshire Downs
Hancock
Mass
Castro visits Warsaw school amid heart trouble rumors
Fidel Castro toured a Warsaw school for an hour smiling and greeting children amid reports of heart trouble. A Polish official quoted him saying his heart is like steel and he may have a coronary someday, though not now. Officials denied illness as ambulances followed his arrival from Hungary during his nine nation Europe Africa tour.
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Fidel Castro
Warsaw
Castro
Ter Castro
Europe
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Nicholas Lillitos
George Brodski
Nixon hosts Kissinger review at Camp David retreat
President Nixon met with foreign affairs adviser Henry Kissinger at Camp David for a review of overseas issues before Kissinger departs for Japan. The White House said Kissinger flew by helicopter to the Catoctin Mountain compound for dinner and an evening conference. Astronaut James A. McDivitt announced his retirement from NASA and the Air Force to become senior vice president of a utility firm, with leave to end July 1. Meyer Lansky faces the Israeli Supreme Court as he fights deportation.
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Houston
Byrd Opposes Kleindienst Nomination for Attorney General
Sen Robert Byrd of West Virginia announced his vote against confirming Richard G Kleindienst as attorney general. Despite his opposition a strong Senate majority was seen likely to approve the nomination when the vote occurred.
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Robert C. Byrd
M. Va
Richard G. Kleindienst
Senate
Kleindienst
Connally discusses coffee prices during Bogota visit
In Bogota Connally met with Finance Minister Rodrigo Llorente to discuss potential price increases for coffee as part of a 15-country mission. He said US aid to Latin America remains steady but no new programs are planned, amid concerns over the international coffee pact and deflation pressures. Connally also met President Caldera during a 22 hour stay in Venezuela before continuing to Brazil, Argentina, Bolivia and Peru.
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Nixon
Caracas
Venezuela
Rodrigo Liorente
Connally
United
Columbia
United States
Massachusetts Doctor censured over ethics charges
Dr. John H. Knowles, once nominated as presidential health adviser, was censured by the Massachusetts Medical Society for statements criticizing colleagues' fees. The move, reportedly unanimous, followed a call from the society's legislative body alleging ethics code violations relating to doctor relations.
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John H. Knowles
American Medical Association
Massachusetts Medical Society
Committee On Ethics and Discipline
Boston
Knowles
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